Brandl Talos has advised Creandum on its USD 20 million investment in Prewave. Act Legal WMWP advised Prewave.
"In the fall of last year, Prewave announced its EUR 11 million Series A investment led by Kompas VC which has now been extended by another USD 20 million," Brandl Talos informed. "Besides the lead investor Creandum, certain existing investors of Prewave joined this Series A+ round."
Brandl Talos and, reportedly, Act Legal WMWP were among the advisors on that initial Series A round as well (as reported by CEE Legal Matters on September 28, 2022).
Vienna University of Technology spin-off Prewave was founded in 2017. The company uses an artificial intelligence-powered platform to analyze online sources in more than fifty languages to find, categorize, and directly address the risks that might impact supply chains. The Prewave client portfolio includes companies such as BMW, Lufthansa, and PwC.
Creandum is a venture capital fund investing in early-stage technology companies in Europe and has offices in Stockholm, Berlin, London, and San Francisco.
The Brandl Talos team was led by Partner Roman Rericha and included Attorney-at-Law Adrian Zuschmann and Associates Julia Strimitzer and Elena Ciresa.
The WMWP team included Attorney-at-Law Paul Koppenwallner.